ForexNative
Short

GBP/USD BEARISH BAT PATTERN. RISK / REWARD EXPLAINED

FX:GBPUSD   Britisches Pfund / US-Dollar
It looks like the British Pound is going to tap our entry point for a bearish bat pattern. In this trade I have highlighted my risk/reward ratio for advanced pattern setup's. My trading plan calls for a 70% risk/reward between target #1 and my stop loss. With this rule in mind I have placed my stops above the previous structural pivot point . If your trading plan calls for a different stop placement, there are plenty of ways to still make a trade on this pattern. Good luck!
-David

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